This thesis seeks to contribute to the theoretical and empirical debate surrounding five key issues in the demand for money. These issues are identified as: stability, functional form, causality, dynamics and competing theories. Each is examined through the application of current econometric methods to Canadian data. In addition to providing information about Canadian money demand, efforts are made to assess the practical nature of the econometric techniques employed. / Contributions include: an assessment of relative sensitivity of various stability tests; a discussion of stability of monetary aggregates wherein a demand shift in the current account component of narrow money in the mid-1970s is identified; empirical and theoretical analyses of the appropriateness of a semilogarithmic functional form; technical improvements in the study of causality for Canada; discussion and assessment of variable dynamics in the equilibrating adjustment process; and construction of a statistically-optimum and economically-rational price expectations series.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.68552 |
| Date | January 1980 |
| Creators | Cockerline, Jon |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Doctor of Philosophy (Department of Economics) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 000127814, proquestno: AAINK51913, Theses scanned by UMI/ProQuest. |
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